IslamicFinance.de

Kazakhstan's financial hub, the International Arbitration Centre (IAC) is adding specialists in Islamic law to its dispute resolution services. The IAC provides mediation and arbitration services as an alternative to traditional court litigation. The IAC is an independent body launched to complement the Astana International Financial Center (AIFC), an economic zone aimed at developing the republic's financial sector. IAC Chairman Barbara Dohmann said that Islamic finance is now part of everyday business dealings across the region, so the ability to handle civil and commercial disputes in Islamic finance has become very important.